Monday, September 25, 2017

Private Debt is Suffocating the Global Economy

Source: Richard Vague via Democracy Journal Private Debt Crisis China is drowning in it. The whole world has too much of it. History suggests: This won’t end well. Why does the IMF keep badly missing its global growth forecast? And what does...

Modest U.S. Growth at Year’s End May Reframe Policy Debate

Source: Nelson D. Schwartz via nytimes.com The American economy finished 2016 on a soft note, the government reported on Friday, lowering the annual pace of growth to 1.6 percent, the lowest level in five years. That is less than half the...

Dramatic cuts are no way to save Social Security

Source: Alicia H. Munnell via marketwatch.com House Ways and Means subcommittee chair proposes 31% cut in benefits In December, House Ways and Means Social Security Subcommittee Chairman Sam Johnson introduced a bill to “save” Social Security. The problem is that he...
wells fargo

Wells Fargo CEO Sold Millions In Stock Before Fraud Revelations

Source: Kathy Kristof via CBS News Wells Fargo CEO Sold Millions In Stock Before Fraud Revelations Former Wells Fargo Chairman and CEO John Stumpf sold $61 million worth of Wells Fargo (WFC) shares in the month prior to settling a long-running...

Largest Corporations Wealthier Than Most Countries

Source: Nika Knight via Common Dreams 'The power of corporations is so great within our society that they have undermined the idea that there is any other way to run society' Corporations are running the world, according to new figures released...

Banks start talks about sharp cuts to customer fees

Source: John Aidan Byrne via nypost.com US banks are finally talking about huge breaks on fees paid by retail customers — and some experts see these sharp cuts in the coming year on everything from overdraft and ATM fees, to...

4 perks of Solo 401(k) for business owners and freelancers

Source: Dmitriy Fomichenko, NerdWallet via usatoday.com “Save your money. You’re going to need twice as much money in your old age as you think.” — Michael Caine If you’re self-employed and trying to boost your retirement savings, Solo 401(k) plans are a...

Illinois and Chicago eye Wells Fargo business bans

Source: Karen Pierog via Reuters.com Wells Fargo & Co (WFC.N) faces possible bans from doing business with the city of Chicago and the state of Illinois in the wake of its sales scandal that erupted earlier this month. Alderman Edward Burke, who...

Uh-Oh, We’re Racking Up Credit Card Debt Like It’s 2007 Again

Source: Martha C. White, Time.com History might be repeating itself. While consumer confidence in the economy is generally a good thing, that optimism can have a serious downside if it prompts people to take risks with their money. Unfortunately, the newest numbers from WalletHub.com indicate...
wells fargo

Wells Fargo Admits Deception in $1.2B Settlement

Wells Fargo admits deception in $1.2 billion U.S. mortgage accord Source - Reuters Wells Fargo & Co (WFC.N) admitted to deceiving the U.S. government into insuring thousands of risky mortgages, as it formally reached a record $1.2 billion settlement of a...

BREAKING NEWS

Sarahah Quietly Uploads Your Entire Address Book

Source: The Intercept Hit App Sarahah Quietly Uploads Your Entire Address Book Sarahah, an app that lets people sign up to receive anonymized, candid messages, has...